HIGHLIGHTED NEWS
The government has just issued Decree No. 182/2025/NĐ-CP dated July 1, 2025, amending and supplementing a number of articles in Decree No. 134/2016/NĐ-CP, which details the implementation of the Law on Export and Import Duties (Decree 182). Specifically, from July 1, 2025, imported goods used for scientific, technological, innovation, and digital technology industry activities will be exempt from import tax in accordance with Clause 3, Article 5 of Law No. 90/2025/QH15 – the Law amending and supplementing several laws related to investment, taxation, and public finance. In addition, the starting point of production or pilot production for enterprises is clearly defined. Taxpayers are responsible for self-declaring and taking responsibility for the actual commencement of production activities, and must notify the customs authorities in advance when submitting the list of tax-exempt goods.
According to the 2025 Global Industrial Momentum Coordinates Report, labor costs in Vietnam are currently only about 25% of the global median wage, placing it among the countries with the lowest labor costs in the Asia-Pacific region. Vietnam continues to score points as industrial electricity costs are among the lowest globally, only slightly higher than Indonesia and Nigeria. Ms. Trang Bui, General Director of Cushman & Wakefield Vietnam, stated that the combination of three core cost factors—labor, electricity, and real estate rental—has made Vietnam an attractive investment destination on the global industrial map, especially in the manufacturing and logistics sectors. In addition to its cost advantages, Vietnam also benefits from the “China+1” trend and the “nearshoring” strategy, which aims to bring production closer to consumer markets and reduce reliance on any single geographic region.
TRADING STRATEGY
The stock market closed slightly in the red at 1,381 points, with liquidity reaching its highest level in more than two months. Market divergence returned as capital flows focused mainly on financial sector stocks, with improvements seen in industrial services, retail, and basic resources. On the other hand, selling pressure increased in industrial real estate, chemicals, fisheries, and textiles stocks. The VN-Index is likely to fluctuate within the 1,380–1,390 range today.
The market experienced a tug-of-war following the announcement of tariff negotiation results between Vietnam and the United States. Overall sentiment remained cautious amid concerns that Vietnam’s economy could be at a disadvantage if other countries and territories reach more favorable agreements in subsequent negotiations. Foreign investors returned as net buyers. The VN-Index is expected to go through a few more sessions of mixed gains and losses within a narrow range as it tests the supply-demand balance and stabilizes capital flows before resuming its recovery trend toward the psychological threshold of 1,400 points. Investors may consider partially realizing profits on stocks that have reached or are nearing short-term expectations, while also seeking reinvestment opportunities in fundamentally strong stocks—particularly those with compelling internal stories or those projected to deliver strong business results in the second half of 2025.
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